Hôkun, vitum hvergi
(hafizk hefr runnr af gunni)
fremra jarl und ferli
(folk-Ránar) þér mána.
Þú hefr ǫðlinga Óðni
— etr hrafn af ná getnum —
— vesa mátt af því, vísi,
víðlendr — níu senda.
Hôkun, vitum hvergi jarl fremra þér und ferli mána; runnr folk-Ránar hefr hafizk af gunni. Þú hefr senda Óðni níu ǫðlinga; hrafn etr af getnum ná; vísi, mátt af því vesa víðlendr.
Hákon, we [I] do not know of a jarl anywhere more outstanding than you beneath the track of the moon [SKY]; the tree of the battle-Rán <goddess> [VALKYRIE > WARRIOR = Hákon] has made himself eminent by warfare. You have sent nine nobles to Óðinn; the raven eats from provided corpses; prince, because of that you can spread your dominion widely.