Microbial extracellular polymeric substances (EPS) may flocculate or be decomposed when environmental factors change, which significantly influences nutrient cycling and transport of heavy metals. However, little information is available on the stability of EPS in natural environments. Fluorescence and flocculation properties of EPS from Chroococcus minutus under different irradiation and pH conditions were studied. Two aromatic protein-like fluorescence peaks and one tyrosine protein-like peak were identified from the excitation–emission-matrix (EEM) fluorescence spectra of EPS. UVB (ultraviolet B) and solar irradiation increased the fluorescence intensity of all the three peaks while UVC (ultraviolet C) irradiation had little effect. EPS formed unstable flocs after exposure to UV (ultraviolet) irradiation and formed stable flocs under solar irradiation. EPS were prone to flocculation under highly acidic conditions and minimal fluorescence of peaks was observed. The fluorophores in EPS were relatively stable under neutral and alkaline conditions. These findings are helpful for understanding the behavior of EPS in aquatic environments and their role in biogeochemical cycles of the elements.