Rauðljósa sér ræsir
(rít brestr sundr in hvíta)
baugjǫrð brodda ferðar
(bjúgrend) í tvau fljúga.
Ræsir ferðar brodda sér rauðljósa baugjǫrð fljúga í tvau; in hvíta, bjúgrend rít brestr sundr.
The impeller of the journey of missiles [BATTLE > WARRIOR] sees the bright red ring-land [SHIELD] split in two; the white, curve-edged shield bursts apart.
[1] ‑ljósa: ljóma C
[1] rauðljósa ‘bright red’: Lit. ‘red-bright’, seemingly alluding to red paint on the shield rather than to blood; this is complemented by hvíta ‘white’ in l. 2 (see Falk 1914b, 128-32, 143-4).