Ugglaust Íra byggðir
ókvíðinn lét síðan
él-Freyr Ullar kjóla
endr fíkula brenndar.
Skotland skǫrpum brandi
skjald†fryðr† of nam ryðja;
oddr beit — ulfar sǫddusk —
ódeigr Skota feiga.
Síðan lét ókvíðinn Ullar kjóla él-Freyr endr ugglaust byggðir Íra fíkula brenndar. Skjald†fryðr† of nam ryðja Skotland skǫrpum brandi; ódeigr oddr beit feiga Skota; ulfar sǫddusk.
Then the unworried Freyr <god> of the storm of the ships of Ullr <god> [(lit. ‘storm-Freyr of the ships of Ullr’) SHIELDS > BATTLE > WARRIOR] once fearlessly caused the settlements of the Irish to be powerfully burned down. The shield-... [WARRIOR?] proceeded to clear Scotland with a sharp sword; the unblunt point bit fated Scots; the wolves had their fill.
[5] skǫrpum: skǫfnum 61, 53, 54, Bb(22va), skǫmmum 62, Flat