The emulsifying, flocculating, and physicochemical properties of purified exopolysaccharide (EPS) of terrestrial cyanobacterium Nostoc flagelliforme cultured in liquid media were investigated. The EPS was defined as heteropolysaccharide composed by 41.2 % glucose, 21.1 % galactose, 21.0 % mannose, 2.5 % fructose, 3.6 % ribose, 1.7 % xylose, 0.6 % arabinose, 3.0 % rhamnose, 0.9 % fucose, and 4.3 % glucuronic acid. The EPS possessed higher intrinsic viscosity than other cyanobacterial strains as reported and displayed pseudoplastic behavior in aqueous solution. The EPS produced more stable emulsions with tested hydrocarbons and oils than xanthan gum, and the emulsification indexes with n-hexadecane, liquid paraffin, and peanut oil were higher than 50 %, indicating the strong emulsion-stabilizing capacity. The EPS showed peak flocculating rates of 93.5 and 86.1 % in kaolin and MgO suspension, respectively, and exhibited a better flocculation performance than Al2(SO4)3 and xanthan gum. These results demonstrated that the EPS of N. flagelliforme was a very promising candidate for numerous industrial applications, as it had higher intrinsic viscosity, good emulsification activity, and excellent flocculation capability.