A crash course in OI palaeography:

http://www.hi.is/~eybjorn/ugm/748/748-5v.html

Transcription of Grímnismál 46 - 48. See page 5
verso, from middle of line 4 to beginning of line 9:

hætv(m)z g(ri)mr & ganglæri h(ær)ian & hialmb(ær)i
þækcr & þ(ri)ði þvðr & uðr h(ær)blindr & hár saðr &
svipall & san(n)gætall h(ær)tæitr & hnikaR bilæygr
balæygr bölv(ær)kr fiöln(ir) g(ri)mr & g(ri)mn(ir)
glapsviðr & fiölsviðr. Siðha/t(t)r siðskæg(g)r sigfæðr
hnikvðr alföðr át riðr & f(ar)matyr. æinv nafni hætv(m)z
siz æc fólkv(m) fór.

Notes:

1. I've transcribed the av ligature as a/; o-with-tail
as ö; double-k (looks like l-c) as kc.

2. The dot over y (in three places) is irrelevant. The
curl over æ (in sigfæðr) has not been transcribed.

3. A peculiarity of this manuscript is that the scribe
consistently uses æ for e.

4. Superscripts are shown in parentheses. The most common
all occur above:

Dot over letter = duplication.
Line over letter = m or n.
Squiggle over letter = vowel+r or r+vowel.

................

We thus have the following text:

46. Hétumz Grímr
ok Gangleri,
Herjan ok Hjálmberi,
Þekkr ok Þriði,
Þuðr ok Uðr,
Herblindr ok Hár,

47. Saðr ok Svipall,
ok Sanngetall,
Herteitr ok Hnikarr,
Bileygr, Báleygr,
Bölverkr, Fjölnir,
Grímr ok Grímnir,
Glapsviðr ok Fjölsviðr.

48. Síðhöttr, Síðskeggr,
Sigföðr, Hnikuðr,
Alföðr, <Valföðr> [added from R]
Atríðr ok Farmatýr;
einu nafni
hétumz <aldregi> [added from R]
síz ek fólkum fór.

Regards,
Eysteinn

P.S. - Questions welcome, I'll answer if I can.