Bekks lá eldr ok axla
ulfliðs Dǫnum miðli;
ek sá armhrauð þakka
eitt Skônunga hônum.
Eldr bekks lá miðli ulfliðs ok axla Dǫnum; ek sá Skônunga þakka hônum eitt armhrauð.
Fire of the stream [GOLD] lay between the wrist and shoulders of the Danes; I saw the Skánungar thank him for one arm-ring.