Varð of Vinða myrði
vígský*s, en þat lýsik,
ramr und randar himni
rymr; knôttu spjǫr glymja.
Hirðir stózk við harðan
hnitvegg með fjǫl seggja
víðis veltireiðar
varghollr þrimu marga.
Rymr vígský*s varð ramr of myrði Vinða und himni randar, en lýsik þat; spjǫr knôttu glymja. Varghollr hirðir veltireiðar víðis stóðsk marga þrimu við harðan hnitvegg með fjǫl seggja.
Roaring of the war-cloud [SHIELD > BATTLE] became mighty around the murderer of Wends [?= Óláfr] under the heaven of the rim [SHIELD], and I proclaim that; spears resounded. The wolf-gracious guardian of the rolling wagon of the ocean [SHIP > SEAFARER] withstood many an onslaught by the hard clash-wall [SHIELD], with a multitude of men.
[1] Varð of (‘Varð um’): verðum Flat
[1, 3, 4] rymr vígský*s varð ramr ‘roaring of the war-cloud [SHIELD > BATTLE] became mighty’: Alternatively, the adj. ramr could be attributive, hence ‘a mighty battle came about’ (so Skj B).