In the present work we studied the influence of the preparation method and the Co loading on the physicochemical properties and the catalytic activity of the cobalt oxide/gamma-alumina catalysts for the reduction of NO by propene under net oxidizing conditions. Two series of catalysts containing 1 and 5% w/w Co, respectively, were prepared using three preparation methods, namely, the equilibrium deposition filtration (EDF), the conventional incipient wetness impregnation (IWI) and the IWI adding nitrilotriacetic acid (nta) in the impregnating solution (IWInta). The catalysts were tested at various temperatures in the range 300-550 degrees C using a fixed-bed microreactor for the NO reduction by propene under lean burn conditions. The evolution of the Co species on the alumina surface was followed after each preparation step by diffuse reflectance spectroscopy (DRS). It was found that the catalysts of the first series were more active for the title reaction than those of the second one. The EDF sample of the first series was proved to be the most active and selective one followed by the IWI and then the IWInta sample of the same series. The DRS results indicated that the enhanced activity and selectivity of the EDF sample could be attributed to the increased concentration of isolated Co(II) inner sphere complexes of octahedral coordination, which are formed on the support surface by adsorption of the corresponding aqueous complexes, [Co(H2O)6]2+, being in the impregnating solution. These inner sphere complexes are transformed upon thermal treatment into a CoAl2O4 like phase with high dispersion. On the other hand, the [Co(H2O)6]2+(NO3)2- and [Co-nta]-.NH4+(or H+) and/or [Co-2nta]4+.4NH4+(or 4H+) complex salts, precipitated on the alumina surface upon drying in the cases of the IWI and IWInta samples, are transformed upon calcination into CoAl2O4 like phases with lower dispersion. All the samples of the second series promoted the propene combustion as well as the oxidation of NO and N2, used as carrier gas, to NO2. DRS results revealed that in all these samples cobalt(III) oxo species are formed in addition to the CoAl2O4 phase. These species are considered to be responsible for the enhancement of the rates of the oxidation reactions mentioned above.