Eigi létuð, jǫfra bági,
yðru nafni mannkyn hafna;
hvártki flýrðu, hlenna þreytir,
hyr né malm í broddi styrjar.
Hlunna es, sem rǫðull renni,
reiðar búningr, upp í heiði,
— hrósak því, es herskip glæsir
hlenna dolgr — eða vitar brenni.
Bági jǫfra, létuð eigi mannkyn hafna nafni yðru; þreytir hlenna, flýrðu hvártki hyr né malm í broddi styrjar. Búningr reiðar hlunna es, sem rǫðull renni upp í heiði, eða vitar brenni; hrósak því, es dolgr hlenna glæsir herskip.
Subduer of princes [RULER], you did not allow the race of men to neglect your name; destroyer of thieves [JUST RULER], you flee neither fire nor steel in the forefront of battle. The array of the chariot of rollers [SHIP] is as though the sun were racing up in the bright sky, or beacons flaring; I praise the way that the foe of thieves [JUST RULER] adorns his warships.
[4] hyr né malm: ‘hyrr næmenn’ Flat