Varð Jǫrundr,
hinns endr of dó,
lífs of lattr
í Limafirði,
þás hábrjóstr
hǫrva Sleipnir
bana Goðlaugs
of bera skyldi.
Ok Hagbarðs
hersa valdi
hǫðnu leif
at halsi gekk.
Jǫrundr, hinns endr of dó, varð of lattr lífs í Limafirði, þás hábrjóstr Sleipnir hǫrva skyldi of bera bana Goðlaugs. Ok leif hǫðnu Hagbarðs gekk at halsi valdi hersa.
Jǫrundr, the one who died long ago, was deprived of his life in Limfjorden when the high-breasted Sleipnir <horse> of flax cords [GALLOWS] had to carry the slayer of Guðlaugr [= Jǫrundr]. And the remnant of the kid [LEATHER STRAP] of Hagbarðr <Danish legendary hero> [NOOSE] went around the neck of the lord of hersar [KING].