Víkinga lætr vengis
vallbaugs hati falla;
vítt rýðr jǫrn á ýtum
Óláfs mǫgr in fǫgru.
Hati vengis vallbaugs lætr víkinga falla; vítt rýðr mǫgr Óláfs in fǫgru jǫrn á ýtum.
The hater of the meadow of the field-ring [SNAKE > GOLD > GENEROUS MAN] makes the vikings fall; far and wide Óláfr’s son [= Magnús] reddens the fair weapons on men.