Dolgeisu rak dísar
— drótt kom mǫrg á flótta —
gumna vinr at gamni
gjóðum írsk*ar þjóðir.
Foldar rauð, ok felldi,
Freyr í manna dreyra
sverð, — vas sigr of orðinn —
seggi, mækis eggjar.
Vinr gumna rak írsk*ar þjóðir at gamni gjóðum dísar dolgeisu; mǫrg drótt kom á flótta. Freyr foldar eggjar mækis rauð sverð í dreyra manna ok felldi seggi; sigr vas of orðinn.
The friend of men [RULER = Haraldr] pursued Irish troops to the enjoyment of ospreys of the goddess of the battle-fire [SWORD > VALKYRIE > RAVENS/EAGLES]; many a war-band took to flight. The Freyr <god> of the land of the blade of the sword [SHIELD > WARRIOR] reddened the sword in the blood of men and killed warriors; victory came about.