Vissi helzt, þats hvǫssum
hundmǫrgum lét grundar
vǫrðr með vôpnum skorða
víkingum skǫr, ríkis.
Mildr lét mǫrgu valdit
Magnúss faðir gagni;
fremð Ôleifs kveðk frǫmðu
flestan sigr ins digra.
Vissi helzt ríkis, þats vǫrðr grundar lét skorða skǫr hundmǫrgum víkingum með hvǫssum vôpnum. Mildr faðir Magnúss lét valdit mǫrgu gagni; kveðk flestan sigr frǫmðu fremð Ôleifs ins digra.
It demonstrated [his] power most clearly, that the guardian of the land [KING = Óláfr] had the hair of very many vikings cut with sharp weapons. The gracious father of Magnús [= Óláfr] brought about many a victory; I declare that most victories promoted the pre-eminence of Óláfr inn digri (‘the Stout’).
[8] digra: digri 321ˣ, 73aˣ, Tóm