Krause (1966) segments the top line of text into "ana hahai slaginaz." "Hahai" here is interpreted as "hanhē," indicating both the occurrence in speech of the aspirant h preceded by a vowel and a nasal to be realised as nasalised vowel (explaining the representation as "hahai" instead of expected "hanhai) and the development of the Proto-Germanic dative ending from /-ai/ to /-ē/ over time. This second indication would suggest that the spelling on the Möjbro Runestone is an inherited, archaicised spelling from earlier Proto-Germanic.The inscription is thus interpreted to mean "on (his) steed slain."