If the timezone is not set or is wrong, you can run tzconfig to configure it after the operating system is installed. tzconfig will ask you a few simple questions and after that the time will be correct (again).
Your default time zone is set to 'Europe/Amsterdam'. Local time is now: Wed Oct 28 11:41:01 CET 2009. Universal Time is now: Wed Oct 28 10:41:01 UTC 2009.