Hilmir fór með herskap stóran
hildar borðs á Upplǫnd norðan;
merki skókusk ljós á Láku;
lá ferð vegin skǫrpum sverðum.
Þunnum reið til Þrándheims sunnan
þingfrœkn jǫfurr Vǫlum stinga;
herskip brendi hilmir grundar
hyggjugegn, en líf gaf þegnum.
Hilmir borðs hildar fór norðan á Upplǫnd með stóran herskap; ljós merki skókusk á Láku; ferð lá vegin skǫrpum sverðum. Þingfrœkn jǫfurr reið þunnum Vǫlum stinga sunnan til Þrándheims; hyggjugegn hilmir grundar brendi herskip, en gaf þegnum líf.
The ruler of the board of battle [SHIELD > WARRIOR = Skúli] went from the north to Opplandene with a large retinue; bright standards shook at Låke; the host lay slain by sharp swords. The battle-daring prince rode the slender Valir <horses> of rods [SHIPS] from the south to Trøndelag; the clever-minded ruler of the land [= Hákon] burned warships but spared the lives of men.
[5] Þránd‑: so all others, Þrónd‑ E
[5] til Þrándheims ‘to Trøndelag’: So F, 42ˣ, 81a, 8, Flat. Þróndheims (so E) is an ONorw. form (see CVC: Þróndheimr). Þrándheimr refers to the geographic region of Trøndelag, located in central Norway, rather than to the city of Trondheim proper, which is called Niðaróss in the prose text and elsewhere (for the history of the names of Trondheim, see Gade 1998 and the literature cited there).