Phytochemical investigations on a marine green alga Ulva lactuca led to the isolation of two new compounds (E)-6-heptacosen-5-one (1) and (E)-6-octadecen-5-ol (2), along with four known compounds, (Z)-10-hexacosene (3), docosanoic acid (4), palmitic acid (5), and isofucosterol (6). Compounds 3 and 4 were isolated for the first time from this species. The structures of the compounds were deduced with the help of modern spectroscopic techniques.