Tolf frák tekna elfar
tálaust viðu bála;
olli Ôleifr falli
eirsamr konungr þeira.
Svía tyggja leitk seggi
sóknstríðs (firum) ríða
(bǫl vas brátt) til Heljar
(búit mest) Sigars hesti.
Frák tálaust tolf viðu bála elfar tekna; Ôleifr, eirsamr konungr, olli falli þeira. Leitk seggi sóknstríðs tyggja Svía ríða hesti Sigars til Heljar; mest bǫl vas brátt búit firum.
I heard without equivocation that twelve trees of the pyres of the river [GOLD > MEN] were captured; Óláfr, the merciful king, caused their death. I saw the men of the battle-hard king of the Swedes [= Óláfr sœnski] ride the horse of Sigarr <legendary king> [GALLOWS] to Hel; the greatest harm was quickly prepared for the men.