Lætr, sás Hákun heitir,
— hann rekkir lið — bannat
— jǫrð kann frelsa — fyrðum
friðrofs konungr ofsa.
Sjálfr ræðr alt ok Elfar
ungr stillir sá milli
— gramr á gipt at fremri —
Gandvíkr jǫfurr landi.
Konungr, sás heitir Hákun, lætr bannat fyrðum ofsa friðrofs; hann rekkir lið; kann frelsa jǫrð. Jǫfurr, sá ungr stillir, ræðr sjálfr landi alt milli Gandvíkr ok Elfar; gramr á at fremri gipt.
The king, who is called Hákon, prevents people [from engaging in] the violence of truce-breaking; he emboldens the host; he can protect the country. The prince, that young leader, himself rules the land all the way between the White Sea and the Götaälv; the lord has all the more outstanding good luck.