This article presents an attempt to interpret the Viking Age runic inscription Vg 199 Norra Lundby based partially on a new reading. The inscription has hitherto been considered to lack linguistic meaning. The interpretation runs as follows: [Stæinn] kveðsk hēr[si] s[tand]a længi. Kveðsk Hialms Gunna hald[a …] … …ṃiþ : ka… … Gott orð bar. ‘The stone proclaims that it will long stand here. (It) proclaims that it will preserve Hialmʀ’s Gunni … …ṃiþ : ka… . (He) had a good reputation.’ Since a relatively large part of the stone is missing, some of the runic sequences associated with the lacunae cannot be inter­preted with certainty. A possible but purely speculative interpretation is none­theless offered. It is in any case beyond doubt that the inscription is in fact linguistically meaning­ful. Vg 199 bears a strong resemblance to the inscription on the Jut­landic stone DR 131 Års, and just like that one, it is most likely formu­lated in verse. Remarkably, Vg 199 lacks a proper memorial formula. This suggests that the accompanying memorial formulation was inscribed on a separate stone.