Óláfr gefr, svát jǫfra
alls engi má snjallra,
hǫggvit gull til hylli
hildinga konr mildi.
Grams es heiðum himni
— hanns fremstr konungmanna —
— spyr, hverr glíkt mun gerva —
gjǫflund borin* undir.
Óláfr, mildi konr hildinga, gefr hǫggvit gull til hylli, svát alls engi snjallra jǫfra má. Gjǫflund grams es borin* undir heiðum himni; hanns fremstr konungmanna; spyr, hverr mun gerva glíkt.
Óláfr, the generous kinsman of lords [KING], gives cut gold in exchange for loyalty, as absolutely none of [the other] undaunted princes can. The ruler’s munificent disposition is carried beneath the clear sky; he is the foremost of kings; [just] ask, who else might act in such a way.