D(is) M(anibus) /
Iulius Valerianus /
eques alae I Ulp(iae) con/tariorum stip(endiorum) XXIII /
vixit annis XXXXVI /
Ulp(ius) Ingenu(us) dupl(icarius) /
alae eiusdem here/s posuit b(ene) m(erenti)
Translation:
To the shades of the departed.Julius Valerianus, horseman of the Ala I Ulpia Contariorum, of 23 years' service, lived 46 years. Ulpius Ingenuus, double-pay soldier of the same Ala, his heir, placed this for him, for he was well deserving.