CP violation in the neutral kaon system is known to be dominated by the mixing of K0 and K0bar eigenstates. Direct CP violation in 2 pion decays of neutral kaons has been a controversial subject in the last decade. While its existence is now established, the size of the effect is still not well known. The parameter e'/e, giving the value of direct CP violation, is derived from the double ratio of the decay rates of long lived (KL) and short lived (K S) neutral kaons to two charged and two neutral pions. The NA48 experiment is designed to minimize systematic uncertainties: simultaneous K L and K S beams are used, the decay region is the same for all modes, and the 2 pion final states are identified by high resolution detectors. During 1998 and 1999, 3 million of the most suppressed decay mode K L to two neutral pions have been collected. The measurement of e'/e from this data set will be presented. The accuracy is +-2.6 x10 -4, significantly improving previous measurements.